MADRAS HIGH COURT
M/s.SPR Construction Private Limited – Appellant
Versus
M/s.Binny Limited and another – Respondent
OA 127 2023
O.A.Nos.127 to 129 of 2023
KRISHNAN RAMASAMY, J.
Today, these Original Applications are listed under the caption, “For
Being Mentioned”.
2. On 22.02.2023, this Court passed an interim order in O.A.Nos.127
to 129 of 2023. The operative portion of the said interim order reads as
follows:
“8. In view of the above submissions made by the leaned counsel
on either side and consideration of Clause 2(2) of the Joint Development
Agreement dated 26.06.2015, whereby, the respondent irrevocably grants
the developer the exclusive right to develop the schedule property and the
developer has agreed to develop the schedule mentioned property on the
terms and conditions contained therein and in view of absolving the
responsibility or liability by the owner in terms of Clause 3.6 of JDA, the
payment of sum of Rs.250 Crores as interest free refundable deposit in
order to secure the due performance of its obligations by the developer to
the owner in terms of Clause 8 of the JDA, in view of the Clause
No.10.1(xx), the owner undertakes that they will not make or authorise
any communication or any statutory authority, whereby, the development
of the project is hindered or obstructed in any manner or is against the
agreement or shall prejudicially affect the rights of the parties in the
projects, in view of Clause No.14.1, whereby, the owner has agreed that
in case of any dispute between the parties, the owner shall not interfere or
restrain or obstruct the Developer from their undertaking the construction
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or development therein whilst both the parties works to resolve the dispute
or disagreement, in view of the agreement by virtue of Clause 18 to
execute the Power of Attorney in view of the developer or owner and
further provision of the owner to the developer that owner will not revoke
the general Power of Attorney granted as per Clause 18.2 of JDA and in
view of Clause 31 of the irrevocable general POA executed by the
respondent in favour of the petitioner dated 22.02.2018, whereby, the
respondent undertakes that the POA shall remain irrevocable and
developer shall not have any right to repudiate, or alter or seek and
change the terms and conditions of the irrevocable POA settled between
owner and the attorney holder shall bind the successors in interest and
permitted assigns, this Court directs the first respondent not to precipitate
the issue till the next date of hearing. The second respondent is directed
not to register the Deed of Cancellation of POA dated 22.02.2018
presented by the first respondent or any other deeds with regard to the
subject property, if any presented by the first respondent. Further, this
Court also directs the first respondent not to write any letters, e-mails or
notice to any statutory authorities, banks, financial institutions,
customers, etc. In the meantime, the applicant shall keep proper accounts
for sale of the flats from today.”
3. Mr.N.Ramakrishnan, learned counsel appearing for the applicant
submitted that the second respondent misunderstood the above interim
order and not registered the deeds presented by the applicant.
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4. This Court vide its interim order dated 22.02.2023 in O.A.Nos.127
to 129 of 2023, directed the second respondent not to register the Deed of
Cancellation of Power of Attorney dated 22.02.2018 or any other deeds
with regard to the subject property, presented by the first respondent, which
means, the said interim order restricts/prevents the first respondent alone
from getting its Deed of Cancellation of Power of Attorney dated
22.02.2018 or any other deeds with regard to the subject property registered
by the second respondent. It is made clear that such restriction is only to
the first respondent and not to the applicant. Hence, there is no impediment
to the second respondent for register
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